IBT Staff Reporter

India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source aware of the development said on Wednesday.

iPod RIP: How Apple's music player transformed an industry

US inflation slowed in April but prices for many goods rising

Rising food and energy prices pushed Nepal's annual inflation to a near six-year high in the month ending mid-April, just as the economy was beginning to recover lost tourist dollars from the coronavirus pandemic.

Ukrainian officials issued dire warnings on Wednesday about the fate of civilians and the last fighters in Mariupol after weeks of Russian bombardment which the city's mayor said had turned it into a "medieval ghetto".

The U.S. Drug Enforcement Administration (DEA) has stopped stationing a plane in Mexico for anti-narcotics operations for the first time in decades after Mexican officials rescinded its parking spot, three sources said.

Australia's election foes get personal

Airbnb Inc would allow travelers to split their holiday between two properties to facilitate longer stays, the vacation rental firm said on Wednesday, as it doubles down on a pandemic trend that has powered its recent results.

In Kyiv, boxing gyms offer chance to ease war stress

US Republicans block contentious Senate abortion rights vote

General Motors and a new independent union at the U.S.

General Motors and a new independent union at the U.S.

Cardinal Joseph Zen, one of the most senior Catholic clerics in Asia, and three others who helped run a now-disbanded Hong Kong fund for protesters were arrested on charges of "collusion with foreign forces," and later released on bail.

Kohl's Corp investors are expected to reject all 10 of activist Macellum Advisors' director nominees in one of the year's most hotly contested proxy battles, sources familiar with the vote count said on Wednesday.

Kohl's Corp investors on Wednesday rejected activist investment firm Macellum Advisors' efforts to replace 10 board directors at a time the retailer began trying to sell itself.

Brazilian airline Gol Linhas Aereas Inteligentes SA and Colombia's Avianca said on Wednesday they had agreed to create a holding company called Abra Group, bringing the two brands under the control of a single company.

Brazilian carrier Gol Linhas Aereas Inteligentes SA and Colombia's Avianca said on Wednesday they were combining under the roof of a common holding company, signaling a move toward post-pandemic Latin American airline consolidation.

Brazilian carrier Gol Linhas Aereas Inteligentes SA and Colombia's Avianca said on Wednesday they were combining under the roof of a common holding company, signaling a move toward post-pandemic Latin American airline consolidation.

Russian importers are reaching out to small Indian businesses to secure fresh produce, auto parts, medical devices and other key goods that are growing scarce due to international sanctions, people familiar with the matter in both Russia and India said.

Companies lawyer up to navigate Russia sanctions

On a sunny afternoon this week, Eli Mwenda happily snapped pictures of his sister Rebekah Mithinji by the Eiffel Tower, two of many tourists enjoying a long overdue break in Paris after freezing holiday plans due to the COVID-19 pandemic.

The wives of two of the last remaining Ukrainian fighters holed up in Mariupol's steelworks asked Pope Francis on Wednesday to help get soldiers to a third country because "Russian captivity is not an option".

The wives of two of the last remaining Ukrainian fighters holed up in Mariupol's steelworks asked Pope Francis on Wednesday to help get soldiers to a third country, with one telling him: "please don't let them die".

U.S. stocks were set to open sharply lower on Wednesday as consumer prices rose more than expected in April, fuelling concerns about aggressive monetary policy tightening.

The S&P 500 and the Dow rose in choppy trading on Wednesday as banks and energy shares gained, while the tech-heavy Nasdaq came under pressure after inflation data cemented expectations of aggressive interest rate hikes.

The S&P 500 and the Dow rose in choppy trading on Wednesday as banks and energy shares gained, while the tech-heavy Nasdaq came under pressure after inflation data cemented expectations of aggressive interest rate hikes.

U.S. stocks were lower in afternoon trading Wednesday, led by a more than 2% decline in the Nasdaq after U.S.

Philippines election winner Ferdinand Marcos Jr said on Wednesday he would hit the ground running as president and was looking very carefully at candidates for his economic team, with infrastructure, jobs and energy prices his priorities.

Troops move to quell unrest after deadly Sri Lanka clashes